US stocks recorded declines when they closed the opening session of the week yesterday, Monday, the fourth of October, as the declines of the Nasdaq Composite Index and specialized in the technology sector, which exceeded 2%, led the losses of US stocks, in addition to the high market expectations that the US market has entered the correction phase with the rise in concerns about inflation, especially With crude prices rising to their highest level in seven years on Monday, after the Organization of the Petroleum Exporting Countries agreed to cut 400,000 barrels per day in November.
In terms of stock movement, Facebook’s stock recorded declines by about 4.89% at closing at levels of $326, after social media (Facebook – WhatsApp – Instagram) was subjected to a sudden malfunction that lasted until the early hours of this morning, causing Mark Zuckerberg’s fortune to decline by $6 billion in a few hours.
. Apple’s share, in turn, fell by about 2.46% at closing at 139.19, while Amazon’s share fell by about 2.85% at closing at 3.189 thousand dollars, and Alphabet’s shares fell by about 2.11% at 2.673 thousand dollars.
On the other hand, the energy sector led the rise in energy shares in the S&P index, benefiting from the rise in crude, as the sector rose by about 2.3%, as shares of energy-traded funds such as Devon Energy Corp rose by about 6.3% and Diamondback Energy by 5%.
The Dow Jones Industrial Average closed the session yesterday, Monday, down by about (323) points, at the close at 34.002 levels, with a loss of about 0.94%.
While the S&P 500 index recorded losses at the close at 4.300 levels, down by about (56 points), or 1.30%.
While the Nasdaq index recorded declines by (311 points), to close the session at 4.255 points, recording losses of about 2.14%.